 | |
| Type | State-owned company |
|---|---|
| Industry | Gambling |
| Founded | 23 May 1968 |
Area served | Singapore |
Key people | |
| Revenue |  S$6,247 million (2013) [2] |
 S$623 million (2013) [2] | |
| Owner | Government of Singapore |
| Parent | Tote Board |
| Website | www |
Singapore Pools (Private) Limited is a state-owned lottery subsidiary company in Singapore. As a wholly owned subsidiary of the Tote Board, it is the only operator that is legally allowed to run lotteries in Singapore.
Singapore Pools was incorporated on 23 May 1968 to curb illegal gambling in Singapore. It provided Singaporeans with a legal avenue to bet on lotteries, countering the rampant illegal betting syndicates that were present. [4]
Since 1 May 2004, Singapore Pools is owned by Tote Board, a statutory board under the Ministry of Finance.
Singapore Pools currently operates three lottery games:
In addition, Singapore Pools is the sole legal bookmaker and totalisator for association football and motor racing betting.
On 29 September 2016, the Ministry of Home Affairs announced that Singapore Pools would be granted an exemption under the Remote Gambling Act 2014, allowing it to offer online and telephone gambling for 4D and TOTO lotteries, football and motor-racing. [5]
Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the tote after the totalisator, which calculates and displays bets already made.
A tote board is a numeric or alphanumeric display used to convey information, typically at a race track or at a telethon.
Tabcorp is Australia's largest gambling company, employing more than 5,000 people. It is the largest provider of wagering and gaming products and services in Australia. Tabcorp is listed on the Australian Securities Exchange (ASX).
Online gambling is any kind of gambling conducted on the internet. This includes virtual poker, casinos, and sports betting. The first online gambling venue opened to the general public was ticketing for the Liechtenstein International Lottery in October 1994. Today, the market is worth around $40 billion globally each year, according to various estimates.
Gambling in the United Kingdom is regulated by the Gambling Commission on behalf of the government's Department for Digital, Culture, Media and Sport (DCMS) under the Gambling Act 2005. This Act of Parliament significantly updated the UK's gambling laws, including the introduction of a new structure of protections for children and vulnerable adults, as well as bringing the burgeoning Internet gaming sector within British regulation for the first time.
In 2017, Tatts Group combined with Tabcorp Holdings Limited under the Tabcorp brand.
The Totalisator Agency Board, universally shortened to TAB or T.A.B., is the name given to monopoly totalisator organisations in Australia, New Zealand and South Africa. They operate betting shops and online betting. They were originally government owned, but in Australia most have been privatised. In Victoria, for instance, the Victorian Totalisator Agency Board began operating in March 1961 as a state enterprise, and was privatised in 1994.
TAB New Zealand, previously known as the New Zealand Racing Board (NZRB) and the Racing Industry Transition Agency (RITA), is a statutory monopoly for New Zealand sports betting, including betting on horse racing and greyhound racing. It was established under the Racing Act 2003 to operate the TAB, promote the racing industry and maximise the profits of the industry. It broadcasts racing on two television channels TAB Trackside 1 and TAB Trackside 2.
4-Digits is a lottery in Germany, Singapore, and Malaysia. Individuals play by choosing any number from 0000 to 9999. Then, twenty-three winning numbers are drawn each time. If one of the numbers matches the one that the player has bought, a prize is won. A draw is conducted to select these winning numbers. 4-Digits is a fixed-odds game.
The Tote is a British gambling company founded in 1928. It is the world’s largest pool betting operator. Its product offering also includes sports betting and online casino. Business operations are led from its headquarters in Wigan.
A betting pool, syndicate, sports lottery, sweep, or office pool if done at work, is a form of gambling, specifically a variant of parimutuel betting influenced by lotteries, where gamblers pay a fixed price into a pool, and then make a selection on an outcome, usually related to sport. In an informal game, the vig is usually quite small or non-existent. The pool is evenly divided between those that have made the correct selection. There are no odds involved; each winner's payoff depends simply on the number of gamblers and the number of winners.
Light & Wonder, Inc., formerly Scientific Games Corporation (SG), is an American corporation that provides gambling products and services. The company is headquartered in Las Vegas, Nevada.
The American Totalisator Company, known today as AmTote International and often referred to as AmTote, specializes in totalisator equipment used to control parimutuel betting at horse racing, greyhound racing, and jai-alai facilities.
Toto is a legalised form of lottery sold in Singapore, known by different names elsewhere. It is held by Singapore Pools, the only legal lottery operator in Singapore. As of April 2015, it was the second most popular type of gambling activity after 4-Digits. The profits from Toto go to the Singapore Totaliser Board which uses the money for charity and other worthy causes.
Tote Ireland is an Irish gambling company founded in 1929. It is Ireland’s largest pool betting operator. Its product offering also includes sports betting. It is headquartered in The Curragh, County Kildare.
In Japan, most forms of gambling are generally banned by the Criminal Code chapter 23; however, there are several exceptions, including betting on horse racing and certain motor sports.
Gambling in Norway is illegal for the most part. Norsk Tipping and Norsk Rikstoto are the 2 only companies allowed to offer gambling services to Norwegian citizens. Norsk Tipping offers games like lotteries, sports betting, Keno and several others. Norsk Tipping is wholly state-owned company under the jurisdiction of the Ministry of Culture and Church affairs, with rules about what times of day, and how much money players can bet. As of January 2019 all players have to be over 18 years of age to play all games of Norsk Tipping, including scratch tickets. Norsk Rikstoto is also state-owned and is the only company authorised to arrange horse race betting.
The Betting and Lotteries Act 1934 was an Act of the Parliament of the United Kingdom and had three sections: Betting, Lotteries and Prize Competitions, and General.
The history of gambling in the United Kingdom goes back centuries, as do efforts to deplore it, and regulate it.
Gambling in Singapore is controlled by several statutes, being the Casino Control Act, Gambling Control Act and the Gambling Regulatory Authority of Singapore Act. The Gambling Regulatory Authority of Singapore (GRA) was formed on 1 August 2022, by reconstituting the Casino Regulatory Authority of Singapore (CRA), to regulate gambling in Singapore. It is a statutory board under the Ministry of Home Affairs of Singapore.
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